India Auto Wholesales Roar 27.9% In April; PV Hits Record 4.37 Lakh On UV Boom
FY27 opens in top gear: SIAM data shows total wholesales at 23.17 lakh units (+27.9%), PVs at a record 4.37 lakh (+25.4%) led by utility vehicles at 2.44 lakh (+21.5%). Two-wheelers jumped 28.4% to 18.73 lakh, three-wheelers hit an April record, and exports raced 38% higher to 6.28 lakh.
What happened
SIAM · India auto industry opened FY27 with April wholesales up 27.9% to 23.17 lakh units. PV sales hit record 4.37 lakh (+25.4%), led by utility vehicles.
Key facts
- PV sales 4.37 lakh units +25.4%
- UV sales 2.44 lakh +21.5%
- Total wholesales 23.17 lakh +27.9%
- Exports 6.28 lakh +38%
- Two-wheeler sales 18.73 lakh +28.4%
- Three-wheeler sales 65,668 +32.8%
- PV exports 67,308 +13.3%
Why this matters
The breadth of the rebound—PV records, three-wheeler April highs, and 38% export growth—opens a window to scout component, EV, and export-oriented bolt-ons while sellers still anchor on pre-surge multiples.